How are businesses adapting to the increase in scarcity


Problem

There are a total of 80 marks for this assignment. There is no requirement for an introduction or conclusion paragraph. Students are asked to ensure that all statements are supported with case study and theoretical concept information with concepts and principles of theoretical explanations. Environmental issues, including climate change, are increasingly discussed in the executive suite as it relates to strategy formulation and implementation. Students must choose two (2) different sectors from the list below and then answer the following three (3) question themes. Separately answer all three (3) questions for each sector chosen in as much detail as possible. Students must provide references to theoretical content from the course and case examples to support conclusions.
Sectors:

i. Technology and startup companies
ii. Manufacturing

Task

i. What is the impact of climate change on business? Do companies feel pressure from consumers to change their business habits towards more sustainable solutions? How are consumers driving climate solutions with their spending habits? Does this vary by generation?

ii. How are businesses adapting to the increase in scarcity of resources? How are businesses adapting their products towards green alternative products?

iii. How should companies respond to the increase in climate change activism? What kind of ethics will companies have to incorporate into their practices? Is fresh air and clean water a human right? How will companies respond if this becomes a universal right?

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